NEW: @movementfdn signed a deal loaning ~50% of its circulating ecosystem supply to @Web3Port_Labs.
The day after MOVE debuted on exchanges, accounts linked to @Web3Port_Labs dumped 66M tokens, leading @binance to ban it.
🧵@CoinDesk obtained the contracts and much more:
bankless will continue to receive and dump their advisor and insider allocations until smart, credible people stop going on the show
but the smart people keep paying to go on bankless because they know the exit liquidity is listening
gravy train rolls on
It’s incredible that Ethereum is just Base, a completely controlled corporate single sequencer without functioning fraud proofs for two years, and MegaETH, a websocket masquerading as a chain that doesn’t yet exist and doesn’t even post data to the L1
uniswap labs has made over $150m in frontend fees after teasing fees to the dao for years
$0 has gone to the dao
meanwhile, the totally separate uniswap foundation is attempting to loot the dao for another $50m
perhaps the largest disaster in dao governance
In April, the SEC issued a Wells notice claiming that Uniswap Labs operated as an unregistered broker, operated an exchange, and issued an unregistered security
As of yesterday, that investigation has officially been closed, and the SEC is taking no enforcement action
This is a
which crypto founder is the best at ‘founder mode’
needs to be going direct, driving narrative, building excitement and setting vision. bonus points if they are really in the trenches on Twitter - reply guy, FUD fighter
the winner will win a prize (jk)